The most crowded trade ever

I dont give much importance to surveys as I find the world today full of contradictions (I would like to have a better understanding of where from that is coming; I suppose its education to a certain degree, some of it from a wrong feeling of safety - "nothing bad can happen to me", and some is generational, for the rest of it dont know). We say one thing and do the opposite; many of us say one thing and act in the opposite direction...

Ok, so fund managers say the technological speculation is the most crowded ever. This fact should make them act by having a higher degree of risk included in their capital allocation. The opposite happens; they throw gas on the fire as well.

Bank of America’s monthly fund manager survey finds 74% say long U.S. tech stocks is the most “crowded trade.” That is the highest reading since the question started being asked in Dec. 2013.

Crowded or not, they are still overweight the tech sector, along with the pharmaceutical sector.

For sure the TESLA stock is part of that crowded trade (to say the least)!

Well done!